BERLIN (Reuters) - Germany’s economy ministry is mulling a veto against the planned sale of the locomotives division of Vossloh (VOSG.DE) to a unit of China’s CRRC Corp (601766.SS), an industry source familiar with the matter said.
The deal, first announced in August, foresees Vossloh selling the unit to CRRC Zhuzhou Locomotive for a low single-digit million euro sum.
A spokesman for Vossloh said CRRC had filed an application with the German economy ministry that was currently being reviewed. The ministry declined to comment.
Reporting by Markus Wacket; additional reporting by Anneli Palmen; writing by Christoph Steitz; editing by Sabine Wollrab and Thomas Seythal